Interesting, i'd never heard about that until pretty recently. To be honest, when I think of Lokitron all I think of is the deadbolt product, and then mostly manufacturing/shipping delays.
Their first product was very similar to the deadbolt one but it was a retrofit electronics for someone else's mechanical deadbolt. It was also powered and had to be connected to Ethernet. I'm going by memory and could be a bit off on the details.
But yeah the deadbolt is a refinement of their earlier product. Which makes me a bit baffled about how badly executed it is the second time around.